European Investment Bank Funds €33 Million for 100 MWac Solar Plant in Kosovo

The European Investment Bank (EIB) has entered into an agreement to finance the construction of a significant solar photovoltaic plant near Pristina, Kosovo, with a €33 million investment loan. This plant, one of the largest in the region with a potential capacity of 100 MWac (120MWp), is set to bolster the region’s green energy capacity by producing approximately 169 GWh of electricity annually. This initiative is expected to significantly reduce carbon emissions by displacing an average of 174,000 tonnes of CO2 each year.

This project is a part of the broader Team Europe effort, which aims to accelerate the green transition in Kosovo. It includes a substantial €32 million grant from the European Union, facilitated through the Western Balkans Investment Framework, aimed at supporting the project’s preparatory and implementation phases. This grant complements additional funding from the EIB and a €29 million loan from KfW, the latter being implemented under the Mutual Reliance Initiative to enhance the efficiency of combined financial and expertise resources.

EIB Vice-President Kyriacos Kakouris highlighted the project’s significance in aiding Kosovo’s journey towards energy security and embracing renewable resources, aligning with the EU’s Green Agenda. Kosovo’s Minister of Finance, Labour and Transfers, Hekuran Murati, emphasized the project’s role in transitioning to renewable energy sources and ensuring sustainable energy production. AnnaCarin Platon from the EU Office in Kosovo remarked on the strategic importance of investing in renewable infrastructure, underscoring the project’s contribution to the region’s sustainable development, economic growth, and job creation.